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Scarce

You are here: Home / CM Tooltip Glossary Ecommerce / Scarce

8 October,2017By: Arman Abdul Rahman

In insufficient quantity. In all national currencies, bank debt money keeps value only by its scarcity compared to its usefulness. The polarity of scarcity is not over-abundance, but sufficiency. For instance, in a mutual credit system* there is always sufficiency of money as participants create it among themselves as a debit and credit at the moment of a transaction.

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